IAC/InterActiveCorp (NASDAQ:IAC) had its price target boosted by investment analysts at UBS Group from $224.00 to $265.00 in a note issued to investors on Wednesday, The Fly reports. The firm currently has a “buy” rating on the stock. UBS Group’s target price would indicate a potential upside of 20.74% from the company’s current price.

Other research analysts have also issued research reports about the company. Barclays upped their price objective on IAC/InterActiveCorp to $244.00 and gave the stock an “overweight” rating in a report on Friday, August 10th. Credit Suisse Group upped their price objective on IAC/InterActiveCorp from $183.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, August 10th. ValuEngine raised IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 9th. BidaskClub upgraded IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 9th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $216.00 target price on shares of IAC/InterActiveCorp in a research report on Friday, July 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $202.51.

IAC stock traded up $3.63 on Wednesday, reaching $219.48. 43,474 shares of the company’s stock were exchanged, compared to its average volume of 905,929. IAC/InterActiveCorp has a twelve month low of $115.64 and a twelve month high of $223.54. The firm has a market capitalization of $17.78 billion, a PE ratio of 285.04, a P/E/G ratio of 2.75 and a beta of 1.29. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.78 and a quick ratio of 2.78.

IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings data on Wednesday, August 8th. The company reported $2.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $1.50. IAC/InterActiveCorp had a return on equity of 10.24% and a net margin of 13.09%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the company posted $0.74 earnings per share. IAC/InterActiveCorp’s quarterly revenue was up 38.0% on a year-over-year basis. equities research analysts expect that IAC/InterActiveCorp will post 5.18 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of IAC. OLD Mutual Customised Solutions Proprietary Ltd. purchased a new stake in IAC/InterActiveCorp during the second quarter worth $107,000. Opera Trading Capital purchased a new stake in shares of IAC/InterActiveCorp in the second quarter valued at $243,000. Greenwood Capital Associates LLC purchased a new stake in shares of IAC/InterActiveCorp in the second quarter valued at $244,000. NumerixS Investment Technologies Inc purchased a new stake in shares of IAC/InterActiveCorp in the second quarter valued at $244,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of IAC/InterActiveCorp in the second quarter valued at $321,000. Institutional investors own 86.37% of the company’s stock.

IAC/InterActiveCorp Company Profile

IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. It operates through Match Group, ANGI Homeservices, Video, Applications, and Publishing segments. The Match Group segment provides subscription dating products, which enable users to establish a profile and review the profiles of other users in 42 languages.

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The Fly

Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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